Media coverage about IBERIABANK Corporation (NASDAQ:IBKC) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. IBERIABANK Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.2409800833134 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks Investment Research Downgrades IBERIABANK Corporation (IBKC) to Sell (americanbankingnews.com)
- ETFs with exposure to IBERIABANK Corp. : October 17, 2017 (finance.yahoo.com)
- IberiaBank completes conversion of Sabadell United Bank (finance.yahoo.com)
- IBERIABANK Corp’s Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B Shares Cross 6% Yield Mark (nasdaq.com)
- IBERIABANK Corp. : IBKC-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 12, 2017 (finance.yahoo.com)
Shares of IBERIABANK Corporation (NASDAQ IBKC) opened at 79.55 on Wednesday. The stock has a market cap of $4.27 billion, a PE ratio of 19.38 and a beta of 1.32. The stock’s 50 day moving average is $78.13 and its 200-day moving average is $79.21. IBERIABANK Corporation has a 12-month low of $62.66 and a 12-month high of $91.10.
IBERIABANK Corporation (NASDAQ:IBKC) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The company had revenue of $239.61 million for the quarter, compared to analyst estimates of $236.73 million. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 6.86%. Equities analysts expect that IBERIABANK Corporation will post $4.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, September 28th. This is an increase from IBERIABANK Corporation’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. IBERIABANK Corporation’s dividend payout ratio is 36.01%.
Several brokerages have recently weighed in on IBKC. Zacks Investment Research raised IBERIABANK Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine lowered IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Jefferies Group LLC upgraded IBERIABANK Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $89.00 to $94.00 in a research report on Monday, October 9th. JMP Securities lifted their price objective on IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $89.00 target price on shares of IBERIABANK Corporation in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. IBERIABANK Corporation currently has a consensus rating of “Buy” and an average target price of $90.82.
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In other news, insider John R. Davis sold 6,141 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.12, for a total value of $492,016.92. Following the completion of the transaction, the insider now owns 60,553 shares of the company’s stock, valued at $4,851,506.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ernest P. Breaux, Jr. sold 5,000 shares of IBERIABANK Corporation stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $78.18, for a total transaction of $390,900.00. Following the completion of the transaction, the director now owns 27,963 shares of the company’s stock, valued at approximately $2,186,147.34. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.
IBERIABANK Corporation Company Profile
IBERIABANK Corporation is a financial holding company. The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc (IAM), which provides wealth management and trust advisory services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE, LLC (CDE), which invests in purchased tax credits.
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